On 24 November 2021, the European Parliament approved the final version of Directive 2021/2167 which addresses high levels of non-performing loans held by banks in the European Union (the NPL Directive).
The Directive has been under discussion since 2018. The accelerated legislative process to approve the Directive last November could have been triggered by the increase in the NPL ratio further exacerbated by the COVID-19 pandemic.
In brief, the NPL Directive works to expedite and regulate the development of a secondary NPL market in Europe through the authorisation and supervision of credit servicers.
You will find here a useful analysis of the Directive, published by Michael Schweiger, Partner & Attorney at Law in Loyens & Loeff office in Luxembourg.
Athens, Greece, July 18, 2024 – Relational SA is excited to announce the opening of their new office in Amsterdam, Netherlands. Headquartered in Athens since 1995, with additional offices in Romania and East Africa, this expansion marks the company’s fourth office and its first in Western Europe. This strategic decision is part of Relational’s ongoing […]
Another great event by SmithNovak is fast approaching, this time in our hometown! We are proudly sponsoring the NPL Greece event on 8 June in Athens. Looking forward to seeing Antonis Bayias, Advisor to the Board, on stage sharing his thoughts at the Technology panel. See you there!
Another year, another great collaboration with SmithNovak NPL Europe London, where we are proud sponsors! Looking forward to our annual meeting in London, to exchange insights and talk about the latest market trends. Our own Jarmo Kesanto, International Business Development Manager Relational FS, will go on stage to chat with other market experts at the “Collections Technology” […]
